Similar Search Results

Is Debt Neutral in the Life Cycle Model?

Kotlikoff, Laurence J. - 1986

This paper questions the widely accepted view that deficits have real effects in the life cycle model. Standard analyses of deficits within life cycle models treat the government as a dictatorial entity that can effect any intergenerational redistribution it desires. In contrast, this paper...

Persistent link: https://www.econbiz.de/10012477016

Generational Policy

Kotlikoff, Laurence J. - 2001

Generational policy is a fundamental aspect of a nation's fiscal affairs. The policy involves redistributing resources across generations and allocating to particular generations the burden of paying the government's bills. This chapter of the second edition of The Handbook of Public Economics...

Persistent link: https://www.econbiz.de/10012470563

Medicare from the Perspective of Generational Accounting

Gokhale, Jagadeesh - 1998

U.S. policy changes and more optimistic fiscal forecasts have significantly improved the long-term fiscal prospects of the country. Nevertheless, these prospects remain dismal. Unless U.S. fiscal policy changes by a lot and very soon, our descendants will face rates of lifetime net taxation that...

Persistent link: https://www.econbiz.de/10012472215

Generational Accounting in General Equilibrium

Fehr, Hans - 1995

This paper shows how changes in generational accounts relate to the generational incidence of fiscal policy. To illustrate the relationship, it uses the Auerbach-Kotlikoff Dynamic Life-Cycle Simulation Model to compare policy-induced changes in generational accounts with actual changes in...

Persistent link: https://www.econbiz.de/10012473797

Social Security and Medicare Policy From the Perspective of Generational Accounting

Auerbach, Alan J. - 1991

Our previous study (Auerbach, Gokhale and Kotlikoff 1991) introduced the concept of generational accounting, a method of determining how the burden of fiscal policy falls on different generations. it found that fiscal policy in the U.S. is out of balance, in terms of projected generational...

Persistent link: https://www.econbiz.de/10012475073

Generational Accounts - A Meaningful Alternative to Deficit Accounting

Auerbach, Alan J. - 1991

This paper presents a set of generational accounts (GAS) that can be used to assess the fiscal burden current generations are placing on future generations. The GAS indicate the net present value amount that current and future generations are projected to pay to the government now and in the...

Persistent link: https://www.econbiz.de/10012475431

Intergenerational Transfers and Savings

Kotlikoff, Laurence J. - 1987

bequests among children, are strongly at adds with the altruism model. Other explanations involving imperfect insurance …

Persistent link: https://www.econbiz.de/10012476831

The Role of Intergenerational Transfers in Aggregate Capital Accumulation

Kotlikoff, Laurence J. - 1980

This paper uses historicaI U.S. data to directly estimate the contribution of intergenerational transfers to aggregate capital accumulation. The evidence presented indicates that intergenerational transfers account for the vast majority of aggregate U .S. capital formation; only a negligible...

Persistent link: https://www.econbiz.de/10012478700

Smart Machines and Long-Term Misery

Sachs, Jeffrey D. - 2012

Are smarter machines our children's friends? Or can they bring about a transfer from our relatively unskilled children … to ourselves that leaves our children and, indeed, all our descendants - worse off? …

Persistent link: https://www.econbiz.de/10012460031

Making Bequests Without Spoiling Children : Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz

Kotlikoff, Laurence J. - 1988

This paper examines the bequest\gift behavior of altruistic parents who do not know their children's abilities and … cannot observe their children's work effort. Parents are likely to respond to this information problem by making larger … bequests to higher earning children and by using their transfers implicitly either to tax at the margin low earning children or …

Persistent link: https://www.econbiz.de/10012476325